Bill > SB75

This bill amends existing laws to establish an appropriation limit for the state of Alaska. The key provisions include: 1. Requiring the legislative finance division to analyze the appropriation limit and growth rate every three years and report to the legislature. 2. Imposing an appropriation limit that ties unrestricted general fund appropriations to a formula based on inflation and population growth, with certain exceptions for items like the Alaska Permanent Fund and debt obligations. 3. Requiring the governor to submit a report with the state's budget that calculates the appropriations against the appropriation limit. 4. Providing a transition period for the initial implementation of the appropriation limit in the fiscal year ending June 30, 2022.